Finspiration Australia. Chart Analysis for the Australian and International Stock Markets.

27/10/22.  Evening Report.

ASX moves higher today.

 XJO finished up +0.5% today and above the 50-Day MA.  This is looking increasingly bullish.

Seven sectors were higher today with one flat.  Energy was the stand-out, up +2.4% with Woodside up +3.2%.  The other large cap doing well today was Newcrest also up +3.2%.

Gold Miners rose +3.7% today and finished above the 50-Day MA with the 20-DMA close to a bullish cross above the 50-Day MA.

Gold Miners might finally be taken on a bullish rally.  The chart pattern is close to completing an inverse head and shoulders bottom pattern.